Category: Insurance terms

Application Forms, What is needed »

Originally published by the Over the Road, re-published with permission, and written by me.
 
All right, you think that you found a really great carrier and are dying to work for them. How do you increase your chances of getting the job? In this environment, it is really competitive trying to land the job with the best [...]

Due Diligence »

  What the heck is “Due Diligence”?When I decided that this was the topic for my next post, I did a web search “due diligence”. I read several definitions. I thought that Wikipedia defined it best.
“Due diligence is a term used for a number of concepts involving either the performance of an investigation of a business [...]

Negligent Hiring »

When I hear these words the hair stands up on the back of my neck! If the words “Negligent Hiring” doesn’t get your heart pumping yet then read on and perhaps you’ll understand why I think it should.
Does $18,300,000 get you attention? That was a recent (12-10-2007) award in a fatal accident were the victim was partially [...]

Accident frequency rate, another way to calculate »

So in my last post I talked about one way, a very common way, to measure your fleet frequency rate (sometimes call accident rate). Well here is another way. A trucking insurance company that I know uses this method.  

Accident Frequency, What is it? »

From time to time I’m going to try to explain different terms.
Accident frequency is something that should be measured by every trucking company, because your insurance company is sure measuring it. So, I think that as a safety professional you need to know how your trucking insurance company is looking at you! How is it [...]

Trucking Insurance Safety Audit »

Ok, so you just got the call from your trucking insurance company and they are sending out a “safety person” to take a look at your operation. What now? What are they looking for? Is this meeting important? Will it affect my insurance rates? Can I prepare for it? Should I be afraid, apprehensive or [...]